Mgbc Ltd
09742928
Healthy
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/08/2015
DIRECTOR
IRISH · ENGLAND · Age 33
Also on 5 other boards
director · Since 21/08/2015
DIRECTOR
IRISH · ENGLAND · Age 35
Also on 9 other boards
director · Since 03/11/2020
DIRECTOR
IRISH · ENGLAND · Age 46
Also on 2 other boards
Persons with Significant Control
Mcguinness Brothers Group Ltd
Unit 5 Imperial Court, Laporte Way, Luton, LU4 8FE
Reg: 15610871 · Uk Register Of Companies · Limited Company
Notified 09/04/2024
Former PSCs
Mr Darren Mcguinness
Ceased 09/04/2024
Mr Shane Mcguinness
Ceased 09/04/2024
Mr Keith Mcguinness
Ceased 09/04/2024
Charges3 outstanding
HOWARD CHARLES ROBERTS · STUART FRANCIS ROBERTS · TIMOTHY CHARLES ROBERTS
LLOYDS BANK PLC
LLOYDS BANK PLC
CompanyRankvs 3403+ SIC 43390 peers62
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£21.4M
Annual revenue
Net Worth
£8.6M
Balance sheet strength
Cash
£4.6M
Cash in the bank
Profit Before Tax
£3.7M
Bottom line earnings
Net Current Assets
£3.5M
Working capital
Current Assets
£9.1M
Current Liabilities
£5.5M
Fixed Assets
£7.8M
Debtors
£4.3M
Cost of Sales
£16.7M
Gross Profit
£4.7M
Admin Expenses
£968k
Operating Profit
£3.8M
Profit After Tax
£2.8M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.64 | +£2.4M |
| 2023 | 2.41 | +£3.3M |
| 2022 | 2.71 | +£1.6M |
| 2021 | 2.33 | +£383k |
| 2020 | 2.43 | +£452k |
| 2019 | 1.75 | +£269k |
| 2018 | 1.67 | — |
Derived from filed accounts. Not audited figures.